China Suspends Some US Tariffs, Yet Soybean Buyers Still Face High Tariffs
China will suspend for one year the 24% additional tariffs it imposed on U.S. goods in April, while maintaining the 10% levies also introduced in response to U.S. President Donald Trump's 'Liberation Day' duties, its Cabinet confirmed on Wednesday.
The State Council's tariff commission also announced it would remove the duties of up to 15% it imposed on certain U.S. agricultural goods from November 10, referring to a release from March detailing the products the world's top agricultural buyer would begin taxing on import.
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